Technical View of Cnx IT & Bank Nifty, 7 May 2014

Bank Nifty Intraday levels and trading tips

Today, 12950 is crucial for Intraday.

If Bank Nifty sustains below 12950 then it could test 12850, and below that level it could test 12800.
Instead, if Bank Nifty trades above 12950, then it could test 13130.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 7 May 2014

Reliance

Today, 975 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 975 is crucial for short term. Positional Traders, trade long above 975 for a target of 1000. Trade short below 975 for a target of 955.